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Block Deal Sale of 1.7% Stake of Woori Financial by IMM Private Equity
743 Views29 Feb 2024 20:19
IMM Private Equity announced that it is selling a 1.7% stake in Woori Financial in a block deal sale. The number of shares subject to sale is 12.56 million, or 177.7 billion won to 181.5 billion won.
Boomeranged on Wed, 13 Mar 2024 17:56
On 13 March, Woori Financial Group announced that it will purchase 9.36 million shares of the company (1.24% of outstanding shares) held by Korea Deposit Insurance Corp (KDIC) as treasury shares and cancel them. The transaction will be completed on the 14 March. The purchase amount will be about 137 billion won. Once this transaction is completed, Woori Financial Group will be 100% privatized.
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